Farley’s CEO contract began 10/1/2020 and likely was five years expiring 9/30/25.
I’ve noticed the silence on the executive departures (down to 84 from 93 a year ago!) including Cannis and Stern most recently, and who the replacements or what the reorganizations will be. The Blue, Model e and Pro divisions just don’t make any sense with the current market reality.
I’m hoping everything is on hold while the new CEO search is going on.
@vh+1jjjbd6ke
It was pretty quiet, but todays local paper had two ford press releases about racing printed as news, that usually happens just before some bad news comes out.
It would be so great to get someone like Mullaly back in the saddle.
@pw+1jjjbd6ke....barra?!?!? the one who was involved in the key switch major blunder? That barra?
FAIL.
Almost anybody could be better than Farley has been. It’s been pretty quiet since Cannes and Stern quit. I’m pretty sure there is an Executive search going on.
@pw+1jjjbd6ke could be possible. Elon might take it on like a reality show “fixer upper.”
Mary might actually jump ship if she was offered the $40 million we pay Bill and Jim annually.
We need a great, experienced automotive manufacturing CEO with an engineering background if we are ever going to fix our quality issues. Marketing spin just is not helping.
Sadly, neither Musk nor Barra would consider taking the job.
Why? Because CM failed playing CEO at canopy?
Have you ever seen his CV?
Totally not qualified.
Companies don't have to wait to execute termination clauses in executive contracts. Executives at the LL2 and above level typically have three-year agreements. The contract likely includes various reasons where termination is appropriate and usually tied to some type of exit package unless its theft, fraud or EEOC violation for example. The bottom line is anyone can be terminated at anytime, regardless of an employment contract. Better to pay now and move on with the right person then have a poor leader lead a company. JF is still leading because the board wants him too.
CM is the next CEO. Mark my word.
Okay, Doug, get back to work.
You will never be CEO at Ford or anywhere else.
DF is already part of Ford and vetted to take over CEO position as required. The so called search is already done.
@cc+1jjjbd6ke the market share decrease is shocking. the company fails downward and the execs fail upward. it's like a mechanical lever or something.
@cc+1jjjbd6ke Haven't you noticed yet? Failure is rewarded at Ford with promotions, and success is punished with more work (unless the worker bee has a pension, then is layoffs).
Ford’s global market share in 2008 when Farley joined as VP Marketing, where his JOB was to grow the market, was 14.6%. In 2024, it had declined to 6.82%, less than half of what it was.
How does Farley keep failing upward?
BF and JF are the most incompetent.
I think he has pictures of BF with a goat 🐐 or something.
It must have been an iron clad contract or he would be gone already.